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4-Traders Homepage  >  Equities  >  Nyse  >  Devon Energy    DVN

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Devon Energy Corp : Devon Energy Declares Increased Cash Dividend for Common Stockholders

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03/06/2013 | 07:45pm CEST

Devon Energy Corporation (NYSE:DVN) today announced that its board of directors has approved a 10 percent increase to its quarterly cash dividend on the company's common stock from $0.20 per share to $0.22 per share. The increase is effective with the dividend payable on June 28, 2013 to shareholders of record as of the close of business on June 14, 2013.

"This is Devon's eighth dividend increase since 2004, representing an annual compound growth rate of 24 percent," said Jeff Agosta, chief financial officer. "Our dividend increase highlights Devon's long-term commitment to returning cash to our shareholders and ultimately reflects the confidence we have in our underlying business."

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit www.devonenergy.com.

Devon Energy Corporation
Investor Contacts
Scott Coody, 405-552-4735
or
Shea Snyder, 405-552-4782
or
Media Contact
Chip Minty, 405-228-8647


© Business Wire 2013
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Financials ($)
Sales 2017 13 277 M
EBIT 2017 1 892 M
Net income 2017 1 365 M
Debt 2017 6 673 M
Yield 2017 0,79%
P/E ratio 2017 11,15
P/E ratio 2018 14,75
EV / Sales 2017 1,71x
EV / Sales 2018 1,68x
Capitalization 15 981 M
Chart DEVON ENERGY
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Devon Energy Technical Analysis Chart | DVN | US25179M1036 | 4-Traders
Technical analysis trends DEVON ENERGY
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 42,2 $
Spread / Average Target 39%
EPS Revisions
Managers
NameTitle
David A. Hager President, Chief Executive Officer & Director
John Richels Chairman
Tony D. Vaughn Chief Operating Officer
Jeffrey L. Ritenour Chief Financial Officer & Executive Vice President
Ben Williams Chief Information Officer & Vice President
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